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ACEN receives $150 million green term loan from SMBC
A subsidiary of ACEN Corp. has inked a $150 million green term loan facility with Sumitomo Mitsui Banking Corp. to bankroll investments in renewable energy projects across the region......»»
Tech company cautions public against fake loan providers
Total Information Management Corp., a Filipino-owned technology solutions provider that offers information management services, has cautioned the public against the unauthorized and fraudulent activities using the names Tim Cash or Tim Cash Loan......»»
DSWD warns 4Ps benes anew vs loan sharks, cash card pawning
The Department of Social Welfare and Development (DSWD), through the Pantawid Pamilyang Pilipino Program‘s (4Ps) National Program Management Office (NPMO), reminded all 4Ps beneficiaries to stop engaging with loan sharks or pawning their cash cards. “Nag-iispot check kami during the family development sessions na dapat dala nila [4Ps beneficiaries] ang ATM, dahil bawal yun. They […].....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
ADB lends $20 million for affordable housing project
The Asian Development Bank is extending up to $20 million worth of loans to Lhoopa Inc. to bankroll its affordable housing project in the Philippines......»»
ADB lends P2.4 billion to iSON for buildup of telco towers
The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»
ADB: Manufacturing benefits the most from remittances
The manufacturing sector is the biggest recipient of spending made by households receiving remittances from overseas Filipino workers, according to the Asian Development Bank......»»
Manila LGU extends deadline for applications for business permits and licenses, payment of taxes and fees
Manila Mayor Honey Lacuna announced that the city government has extended the deadline for the filing of applications of business permits and licenses as well as the payment of taxes and fees. This, according to Lacuna, is meant to give business owners and the taxpayers of Manila more time to settle their dues. The mayor […].....»»
DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
DepEd extends voucher program for Grade 11 students
The Department of Education has decided to extend the voucher program for Grade 11 learners enrolled in state universities and colleges and local universities and colleges under the senior high school system, according to an education official......»»
Market extends losses as inflation quickens
The stock market extended its losing streak yesterday, closing the week in the red as inflation accelerated for a second straight month in March......»»
Singaporean embassy in India extends Holi wishes, shares images of celebrations in Barsana
New Delhi [India], March 24 (ANI): As Indians across the world geared up to ring in the festival of colours, the Singaporean embassy in the national capital extended its greetings for Holi, wishing that the festival would bring peace and joy to all. It also shared mesmerising pictures of Holi celebrations in one of India's oldest and most popular pilgrimage sites, Barsana, in Uttar Pradesh. A post on the official X handle.....»»
Singaporean embassy in India extends Holi wishes, shares images of celebrations in Barsana
New Delhi [India], March 24 (ANI): As Indians across the world geared up to ring in the festival of colours, the Singaporean embassy in the national capital extended its greetings for Holi, wishing that the festival would bring peace and joy to all. It also shared mesmerising pictures of Holi celebrations in one of India's oldest and most popular pilgrimage sites, Barsana, in Uttar Pradesh. A post on the official X handle.....»»
CitySavings Extends Educational Assistance to Indigenous Peoples (IP) Learners
PEDALING TOWARDS LEARNING: (From left to right) DepEd Panabo City Senior Education Program Specialist Ana Liza Mendoza, CitySavings Tagum Branch Business Head Rodel Taguiran DepEd Panabo City OIC SDS Jinky Firman, CitySavings Regional Business Head for Southern Mindanao Amor Querido Pavon, DepEd Panabo City ASDS Phoebe Gay Refamonte, CitySavings Davao Branch Business Head Denis Dusong, […].....»»
Market extends gains to 4th day
The stock market extended its winning streak to four yesterday, but gains were minimal due to lack of catalysts......»»
Marcos extends service of government contractual workers
President Marcos has extended the employment of contract of service and job order workers in government whose contracts will expire in December, and has directed agencies to help them find permanent posts......»»
Here s how Richard Pines elevated his agency to new heights
His solution was designing websites. Selected by Webflow as its brand ambassador, Pines, who is based in San Francisco, extends the company’s vision to the Philippines and nurtures local talent. He believes websites hold significant value as they can significantly boost revenue, a primary goal for businesses......»»
Go extends aid to Muntinlupa fire victims
In observance of Fire Prevention Month, Sen. Bong Go and his Malasakit Team distributed aid on March 21 to almost 1,000 families in Alabang, Muntinlupa who were affected by a recent fire......»»
Century Pacific expands and extends coco product supply agreement with Vita Coco
Century Pacific Food said that it has entered into a new agreement with The Vita Coco Company, which CNPF describes as a “global leader in the coconut water category”, to supply Vita Coco with 90 million liters of coconut water over the next five years......»»
‘Staying humble’: Blackwater to keep pushing after 3-0 start
Blackwater extends its spotless run in the PBA Philippine Cup with a commanding win over hapless Converge, moving within one victory from tying its best unbeaten start in franchise history.....»»